Invesco QQQ, Charles Schwab, and JPMorgan Chase & Co. are the three Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are equity securities issued by publicly traded banking institutions, representing ownership stakes in those banks. Their share prices reflect factors such as net interest margins, credit quality, regulatory changes, and broader economic conditions. Because banks earn most of their revenues from lending and deposit operations, bank stocks often react sensitively to moves in interest rates and shifts in the credit cycle. These companies had the highest dollar trading volume of any Bank stocks within the last several days.
Invesco QQQ (QQQ)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
Shares of QQQ stock traded down $0.40 during mid-day trading on Friday, hitting $561.40. The stock had a trading volume of 20,513,839 shares, compared to its average volume of 39,429,859. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $563.36. The company's 50-day simple moving average is $532.92 and its 200-day simple moving average is $506.84.
Read Our Latest Research Report on QQQ
Charles Schwab (SCHW)
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.
Shares of NYSE SCHW traded up $2.16 during midday trading on Friday, hitting $95.26. The company had a trading volume of 10,580,623 shares, compared to its average volume of 9,366,517. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. Charles Schwab has a twelve month low of $61.15 and a twelve month high of $98.49. The business has a 50-day simple moving average of $89.21 and a two-hundred day simple moving average of $81.89. The firm has a market capitalization of $173.08 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.
Read Our Latest Research Report on SCHW
JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.
JPM traded up $1.98 during midday trading on Friday, reaching $291.88. 2,990,324 shares of the company's stock were exchanged, compared to its average volume of 9,493,811. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $811.16 billion, a PE ratio of 14.98, a P/E/G ratio of 2.59 and a beta of 1.10. The business's 50-day moving average price is $273.91 and its 200 day moving average price is $257.56. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40.
Read Our Latest Research Report on JPM
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